Nobel Prize winner’s pitch deals with power companies profiting as prices soar

Nobel laureate Joseph Stiglitz says it makes sense to tax the windfall profits of power companies.

As it warns of more cost-of-living rises, the government has been lobbied by a Nobel Prize-winning economist calling for a tax on power companies.

Columbia professor and Nobel laureate Joseph Stiglitz said it made sense to tax the windfall profits power companies have generated while consumers are hit with surging prices.